What is the difference between a real estate agent and a real estate broker?

The difference between a real estate agent and a real estate broker in South Dakota is that agents typically work under a broker. A real estate broker, also known as a salesperson, is licensed to represent the buying and selling of real estate. The broker has more experience than the agent and is typically responsible for overseeing transactions. Brokers must have a valid broker’s license in the state in which they are working. A real estate agent, on the other hand, is a salesperson working under the broker’s license and guidance. Agents are licensed to represent buyers and sellers in real estate transactions, but with the broker’s oversight. Agents typically need less experience than the broker and hold a valid salesperson license in the state of South Dakota. In summary, real estate agents work under the supervision of a broker. Brokers must be licensed, and agents must have a valid salesperson license. Brokers have more experience and are typically responsible for overseeing transactions, while agents are licensed to represent buyers and sellers but need less experience.

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